Nearly One-Third of U.S. Adults with a Credit Report Have Debt in Collection WASHINGTON, D.C. – On Friday, July 30th, the Consumer Financial Protection Bureau (CFPB) announced that it would not delay the effective date of its debt collection regulations as it had originally proposed this spring.  Instead, the CFPB will be moving forward with [...]

FOR IMMEDIATE RELEASE: July 29, 2021 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) Washington, D.C. – Attorneys at the National Consumer Law Center praised the introduction yesterday of the Veterans and Consumers Fair Credit Act in the U.S. Senate, led by U.S. Senators Jack Reed (D-RI), Jeff Merkley (D-OR), Sherrod Brown (D-OH), and Chris [...]

FOR IMMEDIATE RELEASE:  July 15, 2021 National Consumer Law Center contacts: Jan Kruse (jkruse@nclc.org) or Lauren Saunders (lsaunders@nclc.org) Washington, D.C. – Advocates at the National Consumer Law Center applauded bipartisan and bicameral legislation announced yesterday by U.S. Senator Kirsten Gillibrand (D-NY),  Senator Lindsey Graham (R-SC) and Dick Durbin (D-IL), chair of the Senate Judiciary Committee, [...]

FOR IMMEDIATE RELEASE: July 8, 2021 National Consumer Law Center contacts: Jan Kruse (jkruse@nclc.org) or Persis Yu (pyu@nclc.org) Boston - Statement by Persis Yu, director of the National Consumer Law Center's Student Loan Borrower Assistance Project in response to the announcement that PHEAA (FedLoan Servicing) will not be extending its federal contract in December. “Lawsuits by [...]

Consumer advocates applaud the passage of LD 737, An Act To Increase the Value of Property Exempt from Attachment and Execution. The bill expands minimum protections of basic needs from garnishment by debt collectors. In addition to expanding protections for family homes and vehicles, the bill provides protection for up to $3,000 in consumers’ bank [...]

Inefficient Light Bulbs Already Sold in 2021 Will Needlessly Cost Consumers $1.8 Billion in Lost Utility Savings Washington, D.C. – Last week, the Consumer Federation of America (CFA), the National Consumer Law Center (NCLC), and 24 consumer groups from across the country urged U.S. Department of Energy (DOE) Secretary Granholm to implement the efficiency standard [...]

Washington, D.C. - Today, the Consumer Financial Protection Bureau (Bureau) released its final rule under the Real Estate Settlement Procedures Act (RESPA) related to helping homeowners impacted by the COVID-19 pandemic. The rule contains important consumer protections to help stave off unnecessary foreclosures, but the time period for the rule’s foreclosure protections should be extended [...]

FOR IMMEDIATE RELEASE: June 24, 202 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) OCC Rule Protects High-Cost Lenders that use Rent-a-Bank Schemes to Evade State Interest Rate Laws Washington, D.C. – Advocates at the National Consumer Law Center applaud the U.S. House vote to overturn the OCC’s “fake lender” rule, which allows predatory lenders to evade [...]

Maryland Joins New York, Illinois, Connecticut, and Ohio to Rein in Abuses by Competitive Energy Supply Companies FOR IMMEDIATE RELEASE:  June 7, 2021 National Consumer Law Center contact: Jan Kruse, jkruse@nclc.org Washington, D.C. – National Consumer Law Center advocates applauded Maryland’s General Assembly for passing the Energy Supply Reform Bill (SB31/HB397). The effort was led [...]